Govt hikes windfall gains tax on diesel, ATF:Cuts levy on petrol exports

The government has increased the windfall gains tax on exports of diesel and ATF, while lowering the levy on petrol for the fortnight beginning Thursday, 16 July, 2026. By how much have taxes increased? The rate of Special Additional Excise Duty (SAED) on diesel exports has been increased to ₹15.5 a litre from ₹8.5 a litre. Similarly, SAED on ATF exports has been raised to ₹14.5 per litre from ₹7.5 per litre till July 15. By how much has the govt cut taxes? However, the export duty on petrol has been cut to ₹2.5 per litre, from ₹4 per litre.
The Finance ministry in a notification said the duty hikes will be effective from July 16. Govt levied export duty on diesel during US-Iran war? Amid escalating tensions in West Asia, the government had on March 27 imposed an export duty on diesel and ATF (Aviation Turbine Fuel) and revised the rates every fortnight. (This is a developing news).